The reporter learned from the Provincial Department of Commerce that in January this year, the province’s foreign direct investment grew rapidly. According to statistics, there are 81 overseas enterprises and institutions registered and approved in the province.

The amount of registered overseas direct investment is 770 million US dollars, up 82.18% year-on-year; the actual foreign investment is 525 million US dollars, up 24.11% year-on-year.

“The capital increase in large projects has raised the investment amount of the province, and the investment in large projects accounted for nearly 50%,” said an official from the Foreign Economic and Trade Office of the Provincial Department of Commerce. In January, the province acquired 14 overseas investment projects in the form of capital increase, with a capital increase of 369 million US dollars on the Chinese side, accounting for 47.92% of the province’s total.

In terms of investment fields, the province’s foreign direct investment in January mainly involved 34 sub-sectors in 11 categories including manufacturing, energy, wholesale and retail. Among them, manufacturing, wholesale and retail, and public utilities attracted the largest amount of overseas investment in registration. Investment in manufacturing reached 496 million US dollars, a year-on-year increase of 3.27 times, accounting for over 60%.

In terms of investment destinations, Zhejiang enterprises mainly invested in the Asian region. In January, the province’s investment in Asian traditional markets reached US$330 million, an increase of 73.68% year-on-year; investment in Europe reached US$52 million, a year-on-year increase of 4.2 times. Investment in Asia and Europe totalled 382 million US dollars, accounting for 49.87% of the total.

On the other hand, Zhejiang enterprises continue to invest actively in countries along the “Belt and Road”. In January, the province invested 29 projects in countries along the “Belt and Road”, and the amount of registered overseas investment reached US$217 million, a year-on-year increase of 41.83%. As of January this year, the province’s total amount of registered investment in countries along the “Belt and Road” had reached 23.377 billion US dollars, accounting for 25.68%.

By the end of January, the province had a total of 9,980 approved or registered overseas enterprises and institutions, and the total amount of registered overseas investment had reached US$91.045 billion, covering 147 countries and regions.

The top five countries and regions with the most investment from Zhejiang are Hong Kong China, the United States, Indonesia, Sweden and Germany.